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Golf Range Economics
- Golfers use ranges to practice and warm up before playing on courses.
- Ranges earn revenue by reselling balls repeatedly before needing replacement.
- Additional revenue from food, club rentals, and lessons can significantly increase overall profits.
Location Impact
- Rural locations have lower property costs.
- Urban settings draw more customers.
- An average range sees 20 golfers daily, yielding $120 in revenue, totaling $21,600 annually.
Range Facilities
- Most ranges are over 300 yards long to accommodate most amateurs whose average drive is 250 yards.
- Rental bay width is 3 to 4 yards for ample swing room.
- More amenities mean higher costs and attract more customers who pay higher fees.
Revenue and Profit
- A basic rural range can earn as little as $40,000 annually.
- An urban indoor range with restaurant and event space can net $2.9 million annually.
- High-end concepts like TopGolf gross over $500 million annually.
Golf Range Operations
- Driving ranges generate profit by charging for balls and tee area rental.
- Revenue varies depending on amenities and services offered.